Huang Licheng has sold another 2 BAYC NFTs, for a combined loss of approximately $86,980.
According to Onchain Lens, BAYC #9593 was bought for $62,990 and sold for $15,720, a loss of $47,270; #65 was bought for $54,390 and sold for $14,680, a loss of $39,720. About 7 hours ago, he also sold BAYC #7256 for 7 ETH (approximately $14,850). He had bought it three years ago for 34.2 ETH (approximately $62,710), taking a loss of $47,870.
· All three sales were below their purchase prices, but the source does not state why they were sold.
As blue-chip NFTs continue to sell at a discount, would you look first at the floor price for the collection or at the pace of trading among holders?
According to Onchain Lens, BAYC #9593 was bought for $62,990 and sold for $15,720, a loss of $47,270; #65 was bought for $54,390 and sold for $14,680, a loss of $39,720. About 7 hours ago, he also sold BAYC #7256 for 7 ETH (approximately $14,850). He had bought it three years ago for 34.2 ETH (approximately $62,710), taking a loss of $47,870.
· All three sales were below their purchase prices, but the source does not state why they were sold.
As blue-chip NFTs continue to sell at a discount, would you look first at the floor price for the collection or at the pace of trading among holders?
